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July 12, 2024
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Natural Gas Prices Add $4B to CAISO Electricity Costs
California Governor Urges FERC to Investigate for Market Manipulation
CAISO's additional costs for wholesale electricity soared from late November through January, reflecting high natural gas prices.
CAISO's additional costs for wholesale electricity soared from late November through January, reflecting high natural gas prices. | CAISO
Soaring natural gas prices in December and January increased CAISO electricity costs by $4 billion, prompting the governor to ask FERC to investigate.
California Energy Commission (CEC)California Public Utilities Commission (CPUC)Natural Gas